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Trezor Wallet Announces Fake Presale Amid Security Breach

Trezor, the official X account of hardware wallet Trezor, has published multiple criminal posts highlighting fraudulent presale token offerings and the suspected results of a suspected SIM-swap attack.

Sharing of Suspected Activity

ZachXBT, the independent blockchain detective, has informed his half a million followers on X of Trezor’s suspected breach in a March 19 Tweet. The other X user @realScamSniffer (Scam Sniffer, Web3 Anti-Scam) has also highlighted the suspected fraud ten minutes after ZachXBT’s post.

Details of Suspected Activities of Trezor

The official Trezor account has shared several posts highlighting the “$TRZR” presale token on the Solana networks, asking users to send funds to a Solana wallet address and including links directing users to wallet drainers.

ZachXBT has noted that the hacker had roughly stolen $8,100 from Trezor’s Zapper account. He wrote in the follow-up comment, “Imagine hacking the Trezor account only to steal $8.1K (includes 25% drainer fee).”

The post also referenced a new memecoin on Solana, Serf. The new memecoin is most likely referenced as a method to drum up further engagement. Notably, several nefarious posts were deleted immediately after they were uploaded.

Latest Incidents Surrounding Trezor

The latest incident involving Trezor was described as a major loss by John Holmquist, a crypto commentator and X user, who claimed the hard wallet manufacturer was not using two-factor authentication (2FA) to secure its X account. 

To focus on the security features, “Please take account security more seriously.”

Other X users, including Pledditor, found it weird that a security-focused hardware wallet firm could not secure its own social media account. 

Another X user, DigitalHustlerX, said, “It’s hard, funny, and shameful at the same damn time” that they don’t take their own advice.”

Famous media reporters and analysts in the crypto industry have reached out to SatoshiLabs, the company behind Trezor, to get updates on the security of the account and application. However, none of them got a response immediately. 

Trezor experienced a breach in January that exposed the contact information of nearly 66,000 users. 

According to the firm’s website, Trezor has sold more than two million hardware wallets to customers since it launched in 2012. The company currently has three products in its product portfolio, which collectively can store more than 9,000 coins online for its users.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Adarsh Singh
Adarsh Singh
Adarsh ​​Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.